Reported 3 months ago
Starbucks delivered earnings in line with expectations, soothing investor concerns following a prior quarter's significant downturn. While same-store sales fell 3% in the fiscal third quarter, a rise in average order values prevented steeper losses. The company's operational efficiency initiatives are showing promise, helping to offset challenges posed by inflation and customer spending habits. As it navigates a cautious consumer environment and pressures from activist investors, Starbucks remains focused on growth strategies, especially in its core U.S. market and overseas.
Source: YAHOO